Board approves allotment of 12.32 lakh shares via preferential issue

Fund Raising View source PDF Explain this filing

WHEELS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹2165.50

prior close

₹2174.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.7% vs market

Auto Components & Equipments peers, median of 122sector+0.2%-0.4% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+0.9

15m

+0.9

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+0.4-0.7+0.2-0.4

Next day

+4.4+1.7+2.7+1.1+3.2

+0.2+0.2+0.0+0.3-0.1

+8.3+0.5+7.8+1.0+7.3

+7.4-1.1+8.5-0.5+7.8

+2.0-0.1+2.1-0.2+2.2

+3.2-1.6+4.8-2.1+5.3

15d

+11.2-1.4+12.6-3.3+14.5

-3.5-7.4+3.9-7.5+4.0

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wheels India allotted 12,32,031 equity shares at Rs 1,461 each (Rs 1,451 premium) via preferential issue, totaling about Rs 180 crore. Key allottees include TSF Investments (10.26 lakh shares) and promoter family members. TSF stake rises from 25.01% to 27.81%. Paid-up capital increases to Rs 25.66 crore across 2.56 crore shares.

Likely market impact

Minor dilution for existing shareholders. Strategic investor TSF and promoter group raise stakes, indicating long-term confidence in the company.